1601 Snowden Drive Active

Wilson,NC 27893

$ 2995000

62 Beds

30 Baths

24915 SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 24,915 sqft

Price per Sqft $120

Subdivision Springfield

MLS Listing ID 10065122

Bedrooms 62

Full Baths 30

Year Built 1981

Annual Tax Amount $19,261

Lot Size 3.700 Acres

Property Description

Investment Opportunity: Exceptional investment opportunity to own a 30-unit Multi-family Portfolio in Wilson, NC, in a prime location. This well-maintained portfolio comprises 15 duplex buildings (14-2Beds/1bath, and 1-3Beds/1bath). Twenty-five (25) units were completely renovated in the last 5 years, ensuring modern features and improved tenant appeal. These properties provide sufficient parking for residents and visitors. Gross Rent Roll is currently $21,850/month but projected to be between $25,000 and $28,000 in 1 to 2 years. Operating Expenses are comparatively low, with a Property Management Company in place. This portfolio provides stable occupancy and strong upside through modest rent increases and management efficiencies. Located in growing Wilson, NC, as the manufacturing hub of Eastern North Carolina, the properties benefit from strong rental demand, proximity to major employers, and access to local amenities, ensuring consistent occupancy and long-term investment security. This is a turnkey investment and ideal for experienced investors or first-time buyers seeking immediate cash flow with room for growth. All photos of the buildings prior to being leased or sold were taken by the listing agent a couple of years ago.

Location

State NC

County Wilson

Interior

Heating Central

Cooling Central Air

Flooring Carpet,Vinyl

Exterior

View Y/N Yes

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Wilson - B O Barnes

Middle Schools Wilson - Charles H Darden

High Schools Wilson - Beddingfield

Others

Special Listing Condition Standard

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